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295 000 €
Store in São Martinho, Funchal
Funchal, Ilha da MadeiraStore in São Martinho with 57 m²
57 m²
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Store for sale
Opposite the legendary Belmond Reid’s Palace Hotel, on Estrada Monumental in São Martinho, you will find a rare investment opportunity in one of the most valuable and prestigious locations in Madeira. This commercial store, with a gross area of 57 m² and a private gross area of 41 m², is being sold vacant and without any existing tenant, allowing the new owner full flexibility to explore and develop the space according to their vision. The location is absolutely premium: Opposite the iconic Reid's Palace, the 5-star hotel that is Madeira's postcard image On Funchal's main tourist artery — Estrada Monumental — with daily traffic of thousands of tourists and high-income residents A 2-minute walk from the Lido, the seaside promenade, renowned restaurants (such as Sabor a Fado, Il Gallo d'Oro 2★ Michelin), gyms, spas, and pharmacies Direct access to Praia Formosa (the largest public beach on the island) and the Madeira Forum in less than 5 minutes by car Exclusive advantages of this store: Two independent entrances: via Estrada Monumental (great visibility) and inside the Miramar Shopping Center (constant flow of customers) 1 private parking space (a luxury in this area!) Very low condominium fees: only €53.82/month Built in 1996, in excellent condition Energy certification C This vacant commercial space is perfect for investors or entrepreneurs looking for: Complete freedom to define the use of the property (retail shop, boutique, café, services, showroom, or other commercial activity) High potential for customised fit-out and strong rental yields in a high-demand tourist and residential area Immediate occupancy or the ability to secure a new tenant on more favourable terms The absence of an existing lease gives the buyer full control to maximise the value of this exceptional location — whether through owner operation or by negotiating a new lease with premium tenants. KW Alfa Madeira shares this property with all real estate agencies with an AMI license, on a 50-50 basis. We accompany you throughout the entire purchase process — credit simulation, documentation, legal support, translation, and much more. When contacting us, please refer to the property ID: KWPT-024424
Details
Construction Year- -
Gross Area m²- -
ElevatorNo
Private Gross Area m²57
Living Area m²41
GarageNo
Total Lot Size m²- -
Price m²5 175 €
Floor- -
Location
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Origin Listing reference:id. KWPT-024424
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